5 Best Biotech Stocks to Invest In

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1. Mirati Therapeutics, Inc. (NASDAQ: MRTX)

A clinical-stage oncology company Mirati Therapeutics, Inc. (NASDAQ: MRTX) is the largest stock holding of Perceptive Advisors, accounting for 8.21% of the overall portfolio. It is a long-running investment of a billionaire biotech hedge fund. The firm first initiated a stake in Mirati during the fourth quarter of 2017.

The hedge fund continues showing confidence in a clinical-stage oncology company as Joseph Edelman has raised its stake by 23% in the latest quarter.  The shares of Mirati Therapeutics rallied 100% this year, extending the five years gains to 630%. The company has recently raised more than $800 million through the public offering of common stock.

Please also see 10 Best Large-Cap Stocks To Buy According to Ray Dalio and 15 Best Long-Term Stocks To Buy Now.

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Disclosure: None.

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